Healthcare

NORTHSIDE HOSPITAL'S NEW MEDICAL OFFICE BUILDING OPENS IN NORTH GEORGIA

by admin September 19, 2013

WOODSTOCK, GA. — Duke Realty has completed the development of Northside Hospital's new 100,797-square-foot, four-story medical office building (MOB), located at 900 Towne Lake Parkway in Woodstock, about 25 miles north of Atlanta. Northside-Cherokee Towne Lake Medical Office Building is fully leased to Northside Hospital and features a variety of outpatient health services and physician practices. Duke Realty Towne Lake Development LLC owns the new facility, which has been submitted for consideration of LEED certification. The MOB's design team includes architect Lyman Davidson Dooley Inc. and general contractor Brasfield & Gorrie.

September 19, 2013

SIMONE HEALTHCARE TO DEVELOP MEDICAL OFFICE PROPERTY

by admin September 19, 2013

HEWLETT, N.Y. — Simone Healthcare Development Group has acquired 1436 Broadway in Hewlett and announced plans for the construction of a new medical office at the property. The developer says it has arranged a long-term lease of the property to a major hospital in the area. The medical office property, which will offer primary, specialty and urgent care services, is slated to open in spring 2014. In addition to the new facility on Long Island, Simone Healthcare Development is also working with Montefiore Medical Center, Mount Sinai Hospital and other major healthcare providers on new outpatient care centers in New York.

September 19, 2013

Healthcare Northeast

MEDICAL CENTER RENEWS FIVE-YEAR LEASE IN FRANKLIN LAKES

by admin September 19, 2013

FRANKLIN LAKES, N.J. — NAI James E. Hanson has completed a five-year lease renewal at 795 Franklin Ave. in Franklin Lakes, located about 25 miles north of Newark. Hackensack University Medical Center will occupy 3,425 square feet at the Class B office building. Michael Walters, executive managing director, and Steven Leitner, vice president at NAI Hanson, arranged the transaction. Sabra Realty owns the property. Also known as Campgaw Plaza, the two-story, 14,500-square-foot building was constructed in 1984 and includes 50 parking spaces.

September 19, 2013

Healthcare Southeast

STEVENS CONSTRUCTION TO MANAGE HOSPITAL CONSTRUCTION IN NAPLES

by admin September 17, 2013

NAPLES, FLA. — Stevens Construction has been selected as the construction manager for Landmark Hospital of Southwest Florida, a 50-bed, acute-care facility located on Goodlette-Frank Road in Naples. The three-story, 86,676-square-foot hospital will specialize in wound care, low-tolerance rehabilitation, mechanical ventilation and treatments. The first floor of the hospital will be shell space available for lease; the second floor will accommodate operating rooms, conference rooms, CT scans and administrative offices; and the third floor will feature a 10-bed ICU, 10-bed progressive care unit and 30 medical and surgical beds. Construction is slated to begin in early 2014. HuntonBrady Architects designed the new hospital.

September 17, 2013

Healthcare Texas

BAYLOR, EMERUS BREAK GROUND ON FIRST HOSPITAL IN COLLEYVILLE

by admin September 16, 2013

COLLEYVILLE, TEXAS — Baylor Healthcare and Emerus, an emergency facility operator based in The Woodlands, have partnered to bring the first hospital to the city of Colleyville, approximately 18 miles northeast of Fort Worth. Construction has begun on the Baylor-Emerus Emergency Medical Center, which will total 16,719 square feet and includes seven exam room beds and eight inpatient beds. The new hospital, scheduled to open in August 2014, will also provide X-ray, CT scan and ultrasound services.

September 16, 2013

Healthcare Western

EATING RECOVERY CENTER LEASES SPACE AT OVERLAKE MEDICAL PAVILION

by admin September 5, 2013

BELLEVUE, WASH. – The Eating Recovery Centerhas leased 25,179 square feet at Overlake Medical Pavilionin Bellevue. The specialty medical office building is located at 116th Street N.E. on the Overlake Hospital Medical Center campus. The pavilion will house the recovery center’s newest residential program, which provides constant observation and support, medical and psychiatric care and daily therapeutic programming to patients. Other tenants at the pavilion include Proliance Orthopedics & Sports Medicine, Center for Prosthetics Orthotics and Overlake Hospital Medical Center staff. It is currently 45 percent leased. The Class A building is owned by Healthcare Realty. Leasing efforts are handled by CBRE’s Paul Carr, Steve Perovich, Tim Owens or Marcus Yamamoto.

September 5, 2013

Healthcare Western

EATING RECOVERY CENTER LEASES SPACE AT OVERLAKE MEDICAL PAVILION

by admin September 5, 2013

BELLEVUE, WASH. – The Eating Recovery Centerhas leased 25,179 square feet at Overlake Medical Pavilion in Bellevue. The specialty medical office building is located at 116th Street N.E. on the Overlake Hospital Medical Center campus. The pavilion will house the recovery center’s newest residential program, which provides constant observation and support, medical and psychiatric care and daily therapeutic programming to patients. Other tenants at the pavilion include Proliance Orthopedics & Sports Medicine, Center for Prosthetics Orthotics and Overlake Hospital Medical Center staff. It is currently 45 percent leased. The Class A building is owned by Healthcare Realty. Leasing efforts are handled by CBRE’s Paul Carr, Steve Perovich, Tim Owens or Marcus Yamamoto.

September 5, 2013

Healthcare Midwest

M&M ARRANGES SALE OF OFFICE BUILDING FOR $2.8M

by admin September 4, 2013

PLAINFIELD, ILL. — Marcus & Millichap has arranged the $2.8 million sale of Plainfield Medical, a 19,232-square-foot, multi-tenant medical office property in Plainfield. James Clough, John Abuja and Joseph Smazal, investment specialists in Marcus & Millichap’s Chicago downtown office, marketed the property on behalf of the seller, a family estate. Howard Wiese, an investment specialist in Marcus & Millichap’s Chicago O'Hare office, represented the buyer, a private investor in a 1031 tax-deferred exchange. Plainfield Medical is located at 23909 W. Renwick Road. The property was at 86 percent occupancy with six tenants under lease at the time of sale.

September 4, 2013

Healthcare Texas

PHYSICIANS REALTY TRUST MAKES $40M SALE-LEASEBACK PLAY IN EL PASO

by admin September 4, 2013

EL PASO, TEXAS — In a $40 million sale-leaseback transaction, REIT Physicians Realty Trust (NYSE: DOC) has acquired a 77,000-square-foot hospital and 40,000-square-foot medical office building in El Paso. The facilities are occupied by Foundation Surgical Hospital, which as part of the deal signed a new 15-year, absolute net lease for the hospital and a new five-year, triple net lease for the office building. Foundation Surgical Hospital is a joint venture owned by more than 60 physicians and Foundation Surgical Hospital Affiliates LLC, which is a wholly owned subsidiary of Graymark Healthcare Inc.

September 4, 2013

Healthcare Midwest

HEALTH SYSTEM EXPANDS, SIGNS 54,000 SF LEASE IN METRO CHICAGO

by admin September 3, 2013

OAK BROOK TERRACE, ILL. — Loyola University Medical Center has signed a new 54,000-square-foot lease at Oak Brook Terrace Medical Center in metro Chicago. The health system will expand its presence at the medical office building by adding a 10,700-square-foot primary care clinic. Construction of the project is slated for completion by November. Oak Brook Terrace Medical Center is located at 1S224 Summit Ave. in Oak Brook Terrace, about 20 miles west of downtown Chicago. Holladay Properties provides leasing and property management services for the 92,000-square-foot, two-building medical campus owned by Nashville-based HCP Inc. Jeffrey Fischer of NAI Hiffman represented Loyola in the transaction, and Brian Dolehide of Holladay Properties represented HCP. Holladay Properties is also providing construction management services for the project.

September 3, 2013

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